Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$731,840$692,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,659$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$4,730.16$4,760.42
2nd payment$0.00$0.00
Taxes / mo$641.67$641.67
Insurance / mo$216.67$216.67
MI / mo$0.00$138.60
HOA / mo$85.00$85.00
Total monthly$5,673.50$5,842.36
Cash to close$38,159$77,000